Question 1

Whats the difference between an invoice and a VAT invoice?

Accepted Answer

Although invoices and VAT invoices look the same, here are a few key differences between them: VAT invoices are created when VAT is applicable on the purchase, VAT invoices can only be created by businesses that are registered for VAT, and they have some additional information too, such as VAT number, VAT takes, and the sum total before VAT.

Question 2

How do I make a VAT invoice?

Accepted Answer

Begin your VAT invoice with a company logo. From there, add buyer and seller details such as name, address, and phone number. Write down invoice number, due dates, and payment terms. Add an itemized summary of all the products purchased, and include details like subtotal, discount, tax, and total. End the invoice with a signature.

Question 3

What should a VAT invoice include?

Accepted Answer

Your VAT invoice should typically include both the name, number, and address of the buyer and seller. It should also have the invoice number, due dates, and payment terms. Following this, you must include a summary of all the items purchased and their sum total. Add in lines for discount, tax, and signature.

Name	Price	QTY	Subtotal
Item 1 Description of first item	$35.00	5	$175.00
Item 2 Description of second item	$55.00	1	$55.00
Item 3 Description of third item	$200.00	1	$200.00

Subtotal	$230.00
Discount	-$115.00
Tax	$23.00
Total	$138.00

VAT Invoice

Bill to:

VAT Invoice Template

Useful resources

VAT Invoice

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Bill to:

VAT Invoice Template

Useful resources